Doğrudan yabancı yatırımlar ve ekonomik büyüme: OECD ülkeleri için panel eşik değer analizi

Koçbulut, Özgür; Altıntaş, Halil

doi:10.18070/erciyesiibd.496315

Cited by 1 publication

(1 citation statement)

References 47 publications

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“…For this reason, Westerlund (2007) error correction cointegration test and panel ARDL cointegration analysis, which is consistent for series that do not reach at the same level of stationarity, have been used (Pesaran and Smith, 1995;Pesaran, Shin and Smith (1999); Gerni et al, 2013). Also, the fact that the series is I (1) is a prerequisite for the cointegration analysis (Koçbulut and Altıntaş, 2016). For the above reasons, Westerlund (2007) and panel ARDL cointegration analysis will be used instead of conventional panel cointegration tests (Pedroni, 1999;Johnsen, 1988).…”

Section: Second Generation Unit Root Test Resultsmentioning

confidence: 99%

The Nexus of Economic Growth, Trade Openness and Banking Sector Depth In OIC: An Application of Panel Data Analysis

Durak

Eroğlu

2019

Alphanumeric Journal

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This article is investigated the connections between economic growth, trade openness and banking sector depth, using a panel data set including seventeen countries in the Islamic Cooperation Organization (OIC), where participation and conventional banking co-exist, for the period 1990-2016. Using a multivariate framework, it is primarily found that all the variables are not integrated of order one (I). Since the series are not stationary, cross-dependence tests and Westerlund (2007) cointegration analysis are performed to the series and it is determined that the series are cross-dependent and cointegrated. Then, the models are estimated with three estimators by writing the panel as panel ARDL model to determine the long-term and short-term relations. The results of the study indicate a general long-run equilibrium connection between economic growth, trade openness and banking sector depth as well as a short-run connection among these variables. Policy suggestions include those that will increase greater banking sector depth as well as promoted trade openness.

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